Sanctuary Advisors LLC Has $650,000 Stock Holdings in Genpact Limited (NYSE:G)

Sanctuary Advisors LLC raised its stake in Genpact Limited (NYSE:G) by 52.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,573 shares of the business services provider’s stock after purchasing an additional 5,734 shares during the period. Sanctuary Advisors LLC’s holdings in Genpact were worth $650,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Genpact by 12.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock worth $148,142,000 after buying an additional 413,646 shares during the period. M&T Bank Corp bought a new stake in shares of Genpact in the third quarter valued at about $206,000. MML Investors Services LLC boosted its position in Genpact by 31.4% during the 3rd quarter. MML Investors Services LLC now owns 12,058 shares of the business services provider’s stock worth $473,000 after acquiring an additional 2,879 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new position in Genpact during the third quarter worth $211,000. Finally, National Bank of Canada FI grew its holdings in shares of Genpact by 759.9% in the 3rd quarter. National Bank of Canada FI now owns 87,141 shares of the business services provider’s stock valued at $3,417,000 after acquiring an additional 77,007 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $44.60, for a total transaction of $606,560.00. Following the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 23,058 shares of company stock worth $1,044,715. 2.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on G. Robert W. Baird boosted their price target on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Jefferies Financial Group lifted their price objective on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. increased their price objective on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. TD Cowen boosted their target price on shares of Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, Needham & Company LLC upped their price target on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $42.33.

Genpact Price Performance

NYSE:G opened at $42.70 on Wednesday. The stock has a fifty day moving average of $42.83 and a 200 day moving average of $38.23. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $47.98. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 1.56 and a beta of 1.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a $0.1525 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Monday, December 9th. Genpact’s dividend payout ratio is currently 16.76%.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.